5 Best Crypto Trading Platforms in the USA

Top crypto trading platforms USA reviewed

With countless exchanges vying for your attention, choosing the best one can feel like a daunting task. That’s why we’ve compiled this list of the top 5 crypto trading platforms in the USA—and trust me, you’ll want to read this before making your next move. 

Why? Because the wrong platform can cost you more than just high fees; it could mean missed opportunities, compromised security, or worse. In a market where a single trade can make or break your day, having a reliable and efficient trading platform isn’t just an option—it’s a necessity.  

Whether you’re looking for a low-fee crypto exchange or an anonymous crypto exchange, these US platforms offer features that could change the way you trade forever. From zero KYC requirements to 225x leverage, these US platforms offer features that could change the way you set up your trading. 

Top platforms at a glance 

  1. BYDFi – Best overall (highest rating) – No KYC – No VPN – 200x leverage perpetual contracts – Licensed in the USA – Lowest fees 0.03% – TradingView 
  2. BTCC – Best for futures trading – 225x leverage – No KYC 
  3. PrimeXBT – Best for CFD – Multi-chart view 
  4. Bitmart – Best for p2p trading – High liquidity 
  5. Coinbase – Best fiat onramps (coinbase pro) 

(This article is not financial advice. Research before investing. Some links are affiliate links, earning us a commission without extra cost for you. Our content remains unbiased regardless of affiliates.) 

Key takeaways – TL;DR 

Whether you’re a veteran trader or new to the game, knowing the key differences between these platforms will equip you with the right tools to execute your trading strategies, whether you’re scalping, day trading, or swing trading. For those focusing on finding the right crypto platform for day trading or a crypto platform for short-term trading, keep reading to see how our listed exchanges performed in our tests. 

Platform comparison 

If you are in a rush to choose a platform, take a look at the comparison table below: 

Feature  BYDFi  BTCC  PrimeXBT  Bitmart  Coinbase 
Leverage  200x  225x  200x crypto, 1000x forex  100x  No margin trading 
KYC Required  No  No (for crypto only)  No  Yes  Yes 
Security  Cold storage, Multi-sig  Cold storage, 2FA  Cold storage, 2FA  Cold storage, 2FA  Cold storage, MPC, 2FA 
Fees (Trading)  0.02% – 0.1%  0.06%  0.05% (crypto)  0.25%  0.05% – 0.60% 
Supported Cryptos  500+  300+  30+  180+  240 
Fiat Support  Yes  Yes  No  Yes  Yes 
Customer Support  Excellent  Good  Moderate  Moderate  Poor 
Unique Features  No KYC, Leverage, 

App 

Tokenized Futures, Global Access  Multi-asset trading, No KYC  Lending and Staking  Advanced Trading Tools, NFT Marketplace 

The best crypto trading platforms in the USA reviewed 

Which crypto trading platform is allowed in the USA you may ask? 

Before getting into the individual reviews, it’s important to understand why carefully examining each platform matters.  

Imagine choosing a platform without knowing how much you are going to pay per trade, the level of security, or available trading products. The wrong choice could not only eat into your profits through high fees but also expose you to unnecessary risks. Some platforms may offer high leverage, which is great when you do profit from a trade but your losses are equally amplified.  

Others might prioritize ease of use but lack the advanced tools that experienced day traders rely on. The key is to find a platform that aligns with your trading style, experience level, and specific needs. Our expert trader, Kyle, said that this list of exchanges has something for everyone. 

Whether you’re looking for the highest leverage, the best interface for technical analysis, or a platform with no KYC requirements, our in-depth reviews will provide you with the critical information you need. We’ll cover everything from security and regulation to user experience and fee structures so you don’t have to do the digging. 

1. BYDFi: No KYC – No VPN – 200x leverage – USA regulation

BYDFi is by far the best crypto trading platform in the USA for day traders and scalpers and combines high leverage, low fees, and a professional trading interface, everything you need as a trader. If you’re looking for a crypto margin trading exchange, BYDFi offers some of the highest leverage ratios with up to 200x leverage on certain margin contracts according to our expert trader Kyle. 

The exchange is also regulated by the Financial Crimes Enforcement Network (FinCEN) and has obtained a license as a Money Transmitting Service in the USA.  

Founded in 2020 and headquartered in Singapore, BYDFi has quickly gained traction among traders in the United States for its advanced features, including 200x leverage and no mandatory KYC requirements. This review will cover the key features, fees, and pros and cons of using BYDFi. 

Key features 

Leverage:
BYDFi offers up to 200x leverage for derivatives trading, ideal for traders looking to boost their positions with minimal capital. While this can lead to significant profits, it also increases the risk of large losses. All leveraged trading products can be traded with TradingView charts on BYDFi which makes it a great choice if you are looking for where to scalp crypto. 

KYC & security:
A major advantage of BYDFi is its no-KYC policy for most users. Along with that, our crypto expert, Denver, said that US users can trade on the platform without using a VPN, something that many traders struggle with nowadays.  

BYDFi is regulated as an MSB in the USA and Canada, adding credibility. Security measures include offline cold storage and multi-signature technology, ensuring robust protection of user assets. 

 

 

Fees 

Fee Breakdown: 

BYDFi’s fee structure is one of the most competitive in the industry. Spot trading fees range from 0.1% to 0.3%, while derivatives trading fees are 0.05% for both opening and closing positions. Perpetual contracts have fees of 0.06% for takers and 0.02% for makers, and leveraged tokens have a 0.2% fee per trade plus a 0.03% daily management fee. 

Advantages: 

Drawbacks: 

2. BTCC: 225x leverage – No KYC – Futures market 

BTCC is considered the best crypto trading platform in the USA for futures trading as it stands out among most competitors. It’s widely used by day traders interested in a stable crypto exchange for futures trading, especially thanks to the high leverage options and a decent amount of cryptocurrencies listed according to Denver, our crypto specialist. 

Established in 2011 and headquartered in the UK, BTCC is one of the oldest cryptocurrency exchanges in the world with a top-notch track record of keeping customer funds safe. It has built a solid reputation for reliability, security, and advanced trading features, especially around futures trading. This review will dig deeper into the BTCC’s key features, fees, and pros and cons to help you decide if it’s the right platform for your trading needs.  

For those looking for mobile trading options, consider using BTCC as it ranked high in our best crypto trading app guide thanks to TradingView charts and the same order types on mobile as on desktop. 

Key features 

Leverage:
BTCC offers up to 225x leverage on futures contracts, making it a powerful tool for traders looking to maximize their market positions. This high leverage is ideal for experienced traders who understand the risks and rewards of margin trading. Keep in mind that at these high leverage ratios, the slightest mistake could cost your entire account capital. BTCC supports both USDT-margined and coin-margined futures, allowing for flexibility in trading strategies. 

KYC & Security:
BTCC does not require KYC for cryptocurrency-only transactions according to Kyle who signed up with a KYC-free account. However, KYC is necessary for fiat transactions.  

In terms of security, BTCC has a strong track record with no reported hacks since its inception, says Denver, our crypto specialist. User assets are stored in multi-signature cold wallets, and personal data is protected by SSL encryption and two-factor authentication (2FA). 

 

Fees 

Fee Breakdown: 

BTCC offers some of the lowest fees among its competitors according to Kyle, with flat fees of 0.06% for both takers and makers. This is significantly lower than the industry average, making it an attractive option for active day traders and scalpers. Additionally, withdrawal fees for BTC are set at 0.0004 BTC, says Denver, also below the industry average. VIP users can access even lower fees, depending on their account level. 

Pros and cons 

Advantages: 

Drawbacks: 

3. PrimeXBT: Multi-charting – Crypto futures market 

PrimeXBT is one of the leading crypto trading platforms in the USA, especially popular for those who are into crypto perpetual trading and derivatives trading. It offers both advanced and simple features for leverage users, which is a significant advantage for those looking for the best crypto derivatives trading platform. Beyond cryptocurrencies, you can also trade forex, commodities, and indices said Kyle, our crypto specialist who recently reviewed the exchange. 

In this review, we’ll break down the key features, fees, and pros and cons to help you decide if PrimeXBT is the right choice for you. 

Key features 

Leverage:
PrimeXBT stands out by offering high leverage, up to 200x for cryptocurrency pairs and up to 1,000x for forex pairs. This level of leverage is particularly attractive for traders looking to amplify their positions. But be careful, 200x leverage is highly risky if you are a beginner.  

The platform supports trading across multiple asset classes, including cryptocurrencies, forex, commodities, and indices, making it a good choice for traders who want to explore new markets. 

No KYC and Security:
One of the major advantages of PrimeXBT is its no-KYC policy, allowing users to sign up and trade anonymously, which is rare in the current regulatory environment. Security is also a priority, with most funds stored in cold wallets, two-factor authentication for accounts, and mandatory whitelisting of Bitcoin withdrawal addresses to enhance security against unauthorized access. The whitelisting process is a great addition to their security protocols according to Denver, our crypto specialist.    

Fees 

Fee Breakdown: 

The platform charges a 0.05% trading fee for cryptocurrencies, with much lower fees for forex and commodities at 0.0001%. Additionally, there is an overnight fee for positions held open past the trading day, which is common in CFD trading. While the fees are low, they can add up, especially for traders who frequently hold positions overnight and use high leverage, said Kyle, or crypto expert. The withdrawal fees are also reasonable. 

Pros and cons 

Advantages: 

Drawbacks: 

4. Bitmart: Great p2p platform – Margin trading options 

Bitmart has earned its place on our list of the best crypto platforms for trading in the US thanks to its US-friendly approach, easy-to-use trading interface (including TradingView), and solid track record as being trusted since its inception. It’s a solid choice for those who prefer altcoin trading platforms with options for p2p trading. Since its launch in 2018, BitMart has quickly grown into a globally recognized exchange, serving over 5.5 million users across 180 countries.  

 What sets BitMart apart is that the platform incorporates features like limit orders, market orders, stop loss orders, take profit orders, and detailed technical and charting analysis tools from TradingView. This review will delve into the key features, fees, and pros and cons of BitMart, helping you understand why it stands out as a top choice for crypto traders in the USA. 

Key features 

Leverage & Trading Interface:
BitMart offers a new trading experience with leverage options up to 100x for futures trading, making it a top choice for traders looking to maximize their potential returns. However, the high leverage can also amount your losses to the same extent so be careful.  

The trading platform is very responsive with near instant orders going through the order book at any hour. Our crypto specialist, Denver, said that the mobile app was a state-of-the-art application while both analysing the usability and the design. He strongly recommends it to all traders. 

KYC & Security:
The platform requires Know Your Customer (KYC) verification for full access to trading and withdrawal features. Additionally, BitMart uses two-factor authentication (2FA), cold storage for 99% of user funds, and bank-grade encryption to safeguard personal information. Another keypoint that Kyle mentioned was their registration as a Money Service Business (MSB) in the USA, making BitMart one of the most sought after exchanges in the United States right now.  

Fees 

Fee Breakdown: 

BitMart charges a flat 0.25% fee for both makers and takers, according to Kyle. There are no fees for deposits, while withdrawal fees vary depending on the cryptocurrency being withdrawn. Although fiat-to-crypto purchases via credit or debit cards can incur higher fees due to third-party processors, the rest of the fees are well below average. 

Pros and cons 

Advantages: 

Drawbacks: 

5. Coinbase: Coinbase pro advanced charting interface 

Coinbase is often seen as one of the most secure crypto trading platforms in the USA, thanks to being heavily licensed in the United States plus a long trackrecord of keeping customer funds safe. It’s a great platform for those looking for a safe and regulated exchange that offers a decent trading interface and a good number of altcoins. While it may not be the best high-speed trading platform or low-fee exchange, it’s still highly reliable. 

With over 110 million verified users across more than 100 countries, Coinbase offers more services than for example BYDFi and BTCC. These include buying, selling, and storing cryptocurrencies and NFTs.  

Coinbase’s high fees and customer service issues warrant a closer look as this is typically what investors and traders complain about. But thanks to a broad regulation across the world and a big customer base, Coinbase is often seen as the best crypto exchange in Europe as well for those who trade from other countries in the Euro area. 

Key features 

User Interface & Experience:
Coinbase is known for its easy-to-navigate interface, which is why it is so popular among beginners. The platform supports over 200 cryptocurrencies, including popular ones like Bitcoin and Ethereum as well as many smaller coins. Coinbase also offers an integrated NFT marketplace and the Advanced Trade feature for more active day traders, which includes enhanced tools and order book analysis. 

Security & Compliance:
Coinbase has always been big on security with industry-leading security protocols, including 2-factor authentication (2FA), cold storage for most assets, and multi-party computation (MPC) to protect online assets, something that many other platforms don’t offer according to Kyle, our crypto specialst. Despite its strong security framework, some users have experienced account breaches, emphasizing the need for personal vigilance. 

Fees 

Fee Breakdown: 

Trading fees on the platform range from 0.05% to 0.60%, depending on your transaction volume and whether you’re a maker or taker. Coinbase charges a 1.0% fee for converting crypto to cash. For those trading in larger volumes, Coinbase offers a tiered fee structure, which can reduce costs slightly. 

Pros and cons 

Advantages: 

Drawbacks: 

Intro to using crypto trading platforms in the USA 

Getting started with crypto trading can be exciting but also a bit overwhelming, especially if it’s your first time. A crypto trading platform is your gateway to buying, selling, and managing digital currencies like Bitcoin and Ethereum. These platforms function much like online stock brokers, but instead of stocks, you’re trading cryptocurrencies. 

The first step is choosing the right platform. As a beginner, you’ll want to look for a platform that’s easy to navigate, offers strong security, and provides access to a range of cryptocurrencies. Many platforms also offer educational resources, which can be invaluable as you are getting started. It’s important to understand that different platforms offer different features—some are more suited to advanced traders with tools like TradingView charts and high leverage, while others are designed for simplicity. 

Once you’ve selected a platform, the setup process usually involves creating an account, verifying your identity, and linking a payment method. From there, you can start exploring the market, making your first trades, and gradually building your crypto portfolio. Remember, the key to successful trading is starting slow, doing your research, and never investing more than you’re willing to lose. 

What to look for when choosing crypto trading platforms 

Selecting the right crypto trading platform for US traders is crucial for your success in the markets, especially when considering factors like a stop loss crypto exchange or the ability to trade on an anonymous crypto exchange. With so many options available, it’s important to focus on a few key factors to make an informed decision. 

  1. Security is key: Security should be your top priority. Look for platforms that use advanced security measures like two-factor authentication (2FA), cold storage for funds, and encryption. A platform with a strong track record and regulatory compliance, like being registered as a Money Service Business (MSB) in the USA, is also a good sign. You should also read about the online reviews to hear what other people have to say about the platform before you try it out. Kyle, our crypto specialist, read up on at least 20 different reviews before trying out BYDFi and he was pleasantly surprised to see that the good reviews were mostly true. 
  2. User interface: As a beginner, you’ll benefit from a platform with an intuitive and easy-to-navigate interface. The simpler it is to use, the easier it will be to manage your trades without feeling overwhelmed. 
  3. Fees and costs: Trading fees can quickly add up, especially if you’re making frequent trades. Compare the fee structures of different platforms, including transaction fees, withdrawal fees, and any other costs that might apply. 
  4. Listed altcoins: If you’re interested in trading various digital assets, check the range of cryptocurrencies available on the platform. Some platforms offer only the most popular coins, while others provide access to thousands of different assets. 
  5. Customer support quality: Good customer service is essential, particularly when you encounter issues or have questions. Look for platforms with responsive and reliable support options. 

By focusing on these key aspects, you’ll be better equipped to choose a crypto trading platform that aligns with your needs and goals. 

How to check the security of each platform 

When trading cryptocurrencies in the USA, ensuring the platform’s security is crucial. Given the unique risks associated with digital assets, most platforms in the USA abide by strict regulations, but it’s important to know what to look for. 

Regulatory compliance:
First, check if the platform is regulated by relevant U.S. authorities, such as the Financial Crimes Enforcement Network (FinCEN) or the Securities and Exchange Commission (SEC). Platforms registered as Money Service Businesses (MSBs) with FinCEN must comply with strict anti-money laundering (AML) and know-your-customer (KYC) regulations, which enhance overall security. 

Insurance coverage:
Some U.S.-based platforms offer insurance on digital assets held in their custody, covering potential losses from breaches. While this insurance doesn’t cover every scenario (like individual account hacks), it adds an extra layer of protection, especially for funds held in hot wallets. Denver reported that during the last hack of Coinbase, customer funds were replaced from their insurance fund. 

Security audits:
Look for platforms that undergo regular third-party security audits. These audits to really help identify vulnerabilities and ensure that the platform’s security protocols are up to date. Transparent platforms often publish the results of these audits, showing their commitment to maintaining a secure environment for their users. 

Cold storage and multi-signature wallets:
For enhanced protection, many U.S. platforms use cold storage for the majority of user funds, coupled with multi-signature wallets. Multi-signature (multi-sig) technology requires multiple private keys to authorize a transaction, reducing the risk of unauthorized withdrawals from hackers. 

User-level security features:
Beyond the platform’s infrastructure, make sure to use all user-level security features like two-factor authentication (2FA) and the ability to whitelist withdrawal addresses. Whitelisting restricts withdrawals to pre-approved addresses only, providing additional security against unauthorized transactions from intruders who might have taken control of your account. 

Reputation and past incidents:
Finally, research the platform’s reputation and track record. Platforms with a history of security breaches or slow response to incidents may pose a higher risk. Conversely, those with strong, proactive responses to security threats are generally more reliable.  

By taking these nuanced factors into account, you can better assess the security of the crypto trading platforms you’re considering in the USA. 

What other traders say about these platforms 

Hearing from other traders provides valuable insights, especially when you’re new to crypto trading. Reviews and testimonials from experienced traders often highlight the strengths and weaknesses of different platforms, giving you a better understanding of what to expect. 

BYDFi:
Jake Thompson, a day trader from California, says, “I’ve been using BYDFi for six months, and the 200x leverage has really boosted my profits. The no-KYC setup was a breeze, and I appreciate the low fees. However, I do wish they offered more educational resources for beginners.” 

PrimeXBT:
Michael Rivera, a bitcoin trader from New York, shares, “PrimeXBT’s multi-asset trading is a game-changer for me. I love being able to trade crypto, forex, and commodities all in one place. The 200x leverage is great, but I have to be careful not to overextend myself. The lack of regulation is a bit concerning, though.” 

Coinbase:
Sarah Mitchell, a beginner trader from Texas, says, “Coinbase made it super easy for me to start trading. The interface is clean, and I feel secure knowing they have strong security measures. But the fees are higher than I expected, and when I had an issue, customer support was really slow to respond.” 

BTCC:
Tom Harris, an experienced futures trader, comments, “BTCC has been reliable for my futures trading. The 225x leverage is powerful, and I like that they don’t require KYC for crypto-only trades. However, their limited selection of altcoins means I sometimes have to use another exchange for certain trades.” 

BitMart:
Emily Ross, a crypto trader from Florida, notes, “I like BitMart for its wide range of altcoins and the lending options. The interface is user-friendly, but I’ve noticed that some less popular coins have low liquidity, which can make trading them tricky. Customer support could also be quicker.” 

By reading reviews like these and joining online communities, you can learn from the experiences of other traders. Remember, while the opinions of other traders are a helpful resource, your own experience and comfort with a platform should ultimately guide your choice. 

Pros and cons of trading crypto in the USA 

Trading cryptocurrencies in the USA comes with a mix of benefits and challenges that are important to consider, especially when it comes to the actual trading experience. 

Pros: 

  1. High liquidity: US exchanges typically have high liquidity, enabling quick trade execution with minimal slippage, even during volatile periods. 
  2. Advanced trading tools: Crypto trading platforms in the USA offer advanced features such as order execution algorithms (TWAP, VWAP, Iceberg Orders), sophisticated charting tools (Heikin-Ashi, Fibonacci retracement, Ichimoku Clouds), and risk management tools (VaR calculators, Monte Carlo simulations).  
  3. Plenty of coins to trade: These exchanges offer a lot of altcoins to trade, typically ranging from 50 to over 500 options. Categories include large-cap coins, DeFi tokens, meme coins, stablecoins, utility tokens, governance tokens, and NFT-related tokens. 
  4. Regulation protection: US regulations provide a layer of stability and protection, ensuring transparency and reducing the risk of fraud. 

Cons: 

  1. Higher fees: US platforms often have higher trading fees, which can impact profits, especially for frequent traders. 
  2. No leverage limits: While these platforms are regulated, there is no limit on how much leverage a platform can offer.  
  3. Market hours and liquidity: Reduced liquidity during off-peak hours can lead to larger spreads and more costly transactions. 
  4. Tax: Every trade is a taxable event, requiring meticulous record-keeping and potentially complicating the trading process. 

Trading crypto in the USA provides a regulated and stable environment, but it’s important to consider the higher costs, restrictions, and tax implications when developing your trading strategy. 

FAQs 

What is the most used cryptocurrency app in USA? 

The most used cryptocurrency app in the USA is Coinbase, known for its user-friendly interface and wide range of supported cryptocurrencies. 

What is the safest app to buy crypto? 

Coinbase is considered one of the safest apps for buying crypto, offering the highest security features among all regulated platforms in the Unites States. 

Which crypto wallet is best for the USA? 

For U.S. users, BYDFi offers a secure and reliable wallet with excellent support for multiple cryptocurrencies.  

What is the safest crypto trading platform? 

BTCC is among the safest crypto trading platforms with a 13 year long track record of keeping customer funds safe. 

Is trading crypto legal in the USA? 

Yes, trading crypto is legal in the USA, but it is regulated by government agencies, and users must trade with regulated platforms.  

Can I cash out crypto in the USA? 

Yes, you can cash out crypto in the USA using platforms like Coinbase that offers a fiat off-ramp, which offers a seamless withdrawal option to your bank account. 

Final thoughts: Which platform is right for you? 

Choosing the right crypto trading platform in the USA depends on your specific needs and trading style. If you’re looking for high leverage and low fees, BYDFi is a top choice, especially with its no-KYC policy. For futures trading with maximum leverage, BTCC stands out with its impressive 225x leverage. 

If you’re interested in multi-asset trading, PrimeXBT offers a versatile platform, though it’s unregulated. BitMart is ideal for those who prefer a wide range of cryptocurrencies and peer-to-peer trading options. Finally, Coinbase is a great option for beginners, offering a user-friendly interface and strong security, though its fees are higher. 

For those looking for more specific reviews, check out our Phemex review or our detailed BYDFi review where you will find platform tests from our crypto experts. 

If you’re based outside the USA, you might also want to explore our other guides on the best crypto trading platform in Singapore, the best crypto trading platform in Canada, or the best crypto trading platform in the Netherlands to find options more tailored to your region.

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